OVBC ANNOUNCES CASH DIVIDEND

Rhea-AI Summary

Ohio Valley Banc Corp. (Nasdaq: OVBC) has announced a quarterly cash dividend of $0.23 per common share. The dividend will be payable on May 10, 2025, to shareholders of record as of April 25, 2025.

Chairman Tom Wiseman highlighted the company's commitment to shareholder stability despite economic uncertainties, noting an increase in the quarterly dividend. The banking , headquartered in Gallipolis, Ohio, operates through The Ohio Valley Bank Company with 17 offices across Ohio and West Virginia, and Loan Central Inc., which maintains six consumer finance offices in Ohio.

Positive

• Increased quarterly dividend payment
• Maintained dividend distribution despite economic uncertainty
• Strong presence with 17 banking offices and 6 consumer finance locations

Negative

• Company facing 'unprecedented challenges' in current economic environment

News Market Reaction – OVBC

+7.42%

1 alert

+7.42% News Effect

On the day this news was published, OVBC gained 7.42%, reflecting a notable positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

GALLIPOLIS, Ohio, April 15, 2025 /PRNewswire/ -- Ohio Valley Banc Corp. [Nasdaq: OVBC] Board of Directors declared a cash dividend of $0.23 per common share payable on May 10, 2025, to shareholders of record as of the close of business on April 25, 2025.

"Against the backdrop of economic uncertainty at home and abroad, Ohio Valley Banc Corp. is pleased to offer the stability our loyal shareholders need. Along with you, your company is facing unprecedented challenges in the current economic environment, however, we are positioned well to help our customers and shareholders navigate the turbulence. We very much appreciate the confidence and support you continue to entrust in us. It is your loyalty and support along with the hard work of our dedicated community bankers who make it possible to not only continue but to also increase our quarterly dividend," Tom Wiseman, OVBC Chairman of the Board, said.

Ohio Valley Banc Corp. is based in Gallipolis, Ohio. The company owns The Ohio Valley Bank Company, with 17 offices in Ohio and West Virginia, and Loan Central, Inc., with six consumer finance offices in Ohio. Learn more about Ohio Valley Banc Corp. at www.ovbc.com.

Contact: Scott Shockey or Bryna Butler, 740-446-2631, 1-800-468-6682

View original content:https://www.prnewswire.com/news-releases/ovbc-announces-cash-dividend-302429581.html

SOURCE Ohio Valley Banc Corp.

FAQ

What is the dividend amount announced by OVBC for May 2025?

OVBC announced a cash dividend of $0.23 per common share, payable on May 10, 2025.

When is the record date for OVBC's latest dividend payment?

The record date for OVBC's dividend payment is April 25, 2025.

Has OVBC increased its quarterly dividend payment?

Yes, according to Chairman Tom Wiseman, OVBC has increased its quarterly dividend payment.

How many branch locations does Ohio Valley Bank Company operate?

The Ohio Valley Bank Company operates 17 offices across Ohio and West Virginia.